Sunday, March 25,2018 - 2:18 GMT+7  Việt Nam EngLish 

Binh Son refiner to trade on UPCoM in March 

 Wednesday, February 28,2018

AsemconnectVietnam - Binh Son Refining and Petrochemical Company (BSR) will trade shares on the Unlisted Public Company Market (UPCoM) with code BSR on March 1.

The Hanoi Stock Exchange said in a statement that BSR will start trading more than 241.4 million shares at VND22,400 per share and its trading band is 40% on both side of the reference price.

BSR on January 17 launched its initial public offering (IPO) to sell more than 241.5 million shares or 7.79% of the company’s charter capital at the starting price of VND14,600 per share.
The IPO attracted more than 4,000 investors, placing bids for nearly 652 million shares – 2.7 times the number of shares offered for the IPO.
BSR earned US$244 million from the IPO at the average selling price of VND23,043 per share. The company will sell 49% of its charter capital to the strategic investor and 6.5 million shares to its employees at the preferential price level.
The State will reduce its ownership in BSR to 43% from the previous 100%. The company earned VND5.43 trillion in the first nine months of 2017.


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